New York Central Railroad v. New York, New Haven & Hartford Railroad

Broadly stated, we are asked to define the rights of the New Haven Railroad and those of New York Central Railroad with respect to the operation of the Biltmore Hotel. New Haven claims that it has an equal voice in the management of that property whereas it is the claim of Central that its position with respect to control is a dominant one. Central asserts that the only right New Haven has is to join in any of the decisions unilaterally made by Central with respect to the maintenance and leasing of the property and that failing to do so New Haven would lose whatever rights it had in the hotel…